$680,000
Exceptional redevelopment opportunity in the rapidly growing Allapattah submarket. This duplex-zoned property is being repositioned into a modern, income-producing residential asset with approved plans expected by the end of April, offering buyers a near shovel-ready project. The redevelopment features a thoughtfully designed front and rear structure configuration totaling approximately 3,800 square feet of living area. The front residence is planned as a spacious 4-bedroom, 2-1/2 bath unit, while the rear structure will be a newly constructed 3-bedroom, 2-bath unit, creating strong rental flexibility and long-term upside. The existing structure is fully gutted, and the project is designed to deliver a near new construction product, with all new systems, layouts, and finishes. Ideal for investors, builders, or end-users looking to create value in a high-demand rental corridor. Centrally located with easy access to Wynwood, Downtown Miami, Miami International Airport, and major transportation corridors. Strong rental demand and continued neighborhood growth make this a compelling opportunity.
The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.
How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.
Scope: ZIP codes 33127, 33136, 33142 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.
Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.
6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.
Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.
List-A-House Realty, LLC
Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.
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$649,900 — 2912 32nd St, Miami, FL 33142 — listing details
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